All Forum Posts by: Victoria Young

Locked with better.com at 5.625% with 1.625 pts. They still make you download all tax returns and such even though they are touted as being "all digital." Quicken did it all for me when I did a refi last yr. Anyway, any tips on where to stash cash-out equity til I find my next rental? I've never taken out a loan only to pay interest on it thats more than I can make in any bank account. This makes me uneasy as I feel like the Maryland market is a good year away from normal pricing for rentals. Asking prices are ridiculous in my area-even for hovels.

Sorry, I want to refi rental #1 now, not the one I'm currently renovating.

Yes, current rate is 5.375 and I owe 69K. It's worth 375K and I'd like to pull out cash in the hopes of finding my 3rd rental property. Can't invest time to look and buy for 3rd unit yet because I'm deep into 2nd rental renovation-and that house is involved and complicated. I estimate completion in July, but wanted to refi #2 now because I'm concerned rates will get higher. What are your thoughts? Any suggestions are greatly appreciated as this cash-out will be my first using the BRRRR method.

I'm on the fence about doing a cash-out refi on a rehabbed property in MD. I don't have a unit to buy and am reluctant to sit on that money while being charged a higher rate than I could make in dividends. Investment refinances are at least 5.50-6% I think. Need guidance.

I'm new to BRRRR and am worried about rates. Should I cash out refi now even though I have no rental in sight to buy? And where could I put that money in the meantime for maximum growth?